United Wholesale Mortgage Launches Same-Day Loan Closing Product

UClose was built strategically to comply with the upcoming TILA-RESPA Integrated Disclosure Rule (TRID)

By Jeff Sorg, OnlineEd Blog

same day delivery boxPORTLAND, Ore. (August 10, 2015) – United Wholesale Mortgage (UWM) has released its UClose tool to allow mortgage brokers to close their loans within an hour of receiving a clear-to-close authorization. UWM is hopeful that this exclusive online tool will revolutionize the way mortgage brokers and correspondents close their loans by taking control of the closing process, generating closing documents and scheduling the closing directly with the title company.

“UClose will give brokers complete control over the closing process, enabling them to take borrowers from clear-to-close to closing in just six clicks,” said Mat Ishbia, president and CEO of UWM. “It’s very important for realtors and borrowers to get to the closing table as quickly as possible, especially in a purchase market. We’ve created UClose so our brokers can get their clients to the closing table faster and more efficient than any other lender, and will always be the top choice of realtors.”

UWM built UClose to comply with the TILA-RESPA Integrated Disclosure Rule (TRID).

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Jeff Sorg

About the Author

Jeff Sorg is a co-founder of OnlineEd®, a Web-based vocational school founded in 1997 where he also serves as Corporate Secretary, Chief Operating Officer, and School Director. Sorg holds vocational instructor licenses in Oregon, Washington, California, and Nevada and has authored numerous pre-licensing and continuing education courses. Sorg was awarded the International Distance Education Certification Center's CDEi Designation for distance education in 2008. OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.